Answer: The total interest paid on the mortgage is $179550
Step-by-step explanation:
The initial cost of the property is $300000. If he deposits $30000, the remaining amount would be
300000 - 30000 = $270000
Since the remaining amount was compounded, we would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 270000
r = 2% = 2/100 = 0.02
n = 12 because it was compounded 12 times in a year.
t = 25 years
Therefore,
A = 270000(1+0.02/12)^12 × 25
A = 270000(1+0.0017)^300
A = 270000(1.0017)^300
A = $449550
The total interest paid on the mortgage is
449550 - 270000 = $179550
Answer:
It would be on the side 0-12 so the Y axis
Step-by-step explanation:
Put Vertical Axis (In)
Answer:
√(p²-4q)
Step-by-step explanation:
Using the Quadratic Formula, we can say that
x = ( -p ± √(p²-4(1)(q))) / 2(1) with the 1 representing the coefficient of x². Simplifying, we get
x = ( -p ± √(p²-4q)) / 2
The roots of the function are therefore at
x = ( -p + √(p²-4q)) / 2 and x = ( -p - √(p²-4q)) / 2. The difference of the roots is thus
( -p + √(p²-4q)) / 2 - ( ( -p - √(p²-4q)) / 2)
= 0 + 2 √(p²-4q)/2
= √(p²-4q)
